Haven’t got time to watch the video? Here are the highlights:
- APC is likely to be variable and based on business models. For example, dynamic package holiday businesses will likely pay a different APC to vertically integrated companies.
- ATOL is moving away from the “one-size-fits-all” approach. Companies should choose how they comply e.g. through escrow, trust accounts, or bonding.
- More emphasis will be put on the importance of data to centralise ATOL certificates and understand how many people are affected if an operator goes bust.
- The CAA are interested in looking at fulfilment. ATOL has always been about financial protection, but there’s now a question as to whether it should be around holiday protection as well.
If you would like help understanding how the ATOL Consultation might affect your business, please get in touch.
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